Global Semiconductor Manufacturing Equipment Market to Grow at a CAGR of 10.10% During 2024-2032, Aided by the Increasing Demand for Electronic Devices and Semiconductors

The increasing use of consumer electronics across the globe, owing to rapid digitalisation, is driving the growth of the semiconductor manufacturing equipment industry. Semiconductors are an integral element of consumer electronics such as smart phones, smart watches, and others. Furthermore, the expanding information and communication technology like 5G is projected to play a vital role in proliferating the market for semiconductor manufacturing equipment. Moreover, the rapid technological advancements and the growing investments in research and development activities by the industry key players are expected to aid the market in the forecast period.

The major market players are making increased investments to expand their production capacities, fuelled by the growing demand for digital solutions. This is predicted to bolster the market growth in the forecast years. In September 2021, LAM Research Corporation (NASDAQ: LRCX) announced its plans to open a second facility in Oregon, which will supply the chip makers with critical tools to build chips and advanced electronic devices. They aim to meet the increasing customer demands with this initiative. In another instance, Applied Materials Inc. (NASDAQ: AMAT) in October 2020, declared their agreement with B.E Semiconductor Industries N.V. to develop a proven equipment solution for die-based hybrid bonding, an emerging chip-to-chip interconnect technology that enables heterogeneous chip and subsystem designs for applications, including high-performance computing, AI and 5G. Such developments are expected to invigorate the semiconductor manufacturing equipment industry in the forecast period.

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Market Analysis by Dimension, Fab Facility, Back-End, and Region:

• The semiconductor manufacturing equipment industry, based on dimension, can be segmented into 2D, 2.5D, and 3D.

• On the basis of fab facility, the industry is segregated into automation, chemical control equipment, and gas control equipment, among others.

• Based on back-end, the market is divided into dicing equipment, assembly and packaging, metrology equipment, bonding equipment, and others.

• The regional markets for semiconductor manufacturing equipment include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for semiconductor manufacturing equipment is being driven by the rapid digitalisation across industry verticals worldwide.

• The increasing demand for consumer electronics and the increased utilisation of semiconductors in their production are further augmenting the market growth.

• The expanding information technology sector, fuelled by the increased adoption of smart devices, is supporting the market growth.

• The rapid technological advancements and the investments made in research and development activities by the key industry players are expected to propel the market growth in the forecast period.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for semiconductor manufacturing equipment for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the dimensions, fab facilities, back-ends, and major regions of semiconductor manufacturing equipment.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global semiconductor manufacturing equipment market are Tokyo Electron Limited, LAM Research Corporation, ASML Holdings N.V., Applied Materials Inc., and Screen Holdings Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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